Research analyst, medium-term horizon, biotech, small-cap

Update On Dario Launch And Progress

In March 2014, LabStyle Innovations (NASDAQ:DRIO) made its initial shipments to distributors for the soft launch of the Dario device in Italy, New Zealand, and the United Kingdom. The company did not book any revenues in the first quarter ending March 2014; however, considering the shipment to distributors in March, we are expecting the company to report small revenues or deferred revenues for the quarter ending June 30, 2014.

In June 2014, LabStyle put out a brief press release updating investors on the status of the soft launch. The initial goal for the soft launch was 3,000 Dario units to be delivered by the end of July 2014. According to management, they are on track to meet or...

Join Seeking Alpha PRO to read this archived article and 11,574 other archived articles
IDEA GENERATORXExclusive access to 10 PRO ideas every day
INVESTING IDEAS LIBRARYXExclusive access to PRO library of more than 15,000 ideas
SECTOR EXPERT NETWORKXExclusive access to all sector experts for direct consultation
PERFORMANCE TRACKINGXTrack performance of all PRO stock ideas
PROFESSIONAL TOOLSXProfessional Idea Filters to zero-in based on industry, market cap and more
"In just the first month of using PRO, I used it to generate two ideas which were actionable for me. As a result of these two positions, I have earned more than 20 times the annual subscription costs for PRO."Michael Yagemann, Greenbridge Capital
"I am pleasantly surprised with the scope of small and mid-cap coverage PRO offers. You can't find that any where else."Patrick Rice, Mainstay Capital Management
You may cancel at any time for any reason, and receive a prompt refund for membership on months paid and not used (max. 6 months). Details